The Tragedy of the Commons is a parable that illustrates why?
2
When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?
3
Suppose that requiring motorcycle riders to wear helmets reduces the probability of a motorcycle fatality from 0.3 percent to 0.2 percent over the lifetime of a motorcycle rider and that the cost of lifetime supply of helmets is Rs5000. It is efficient for the government to require riders to wear helmets if human life is valued at ?
These are just sample questions. The actual quiz contains 15 questions.
